Ministry of Public Security Criminal Investigation Bureau: Online fraud targets minors, with illicit funds flowing abroad through virtual currency
The Criminal Investigation Bureau of the Ministry of Public Security published an article titled "Beware of Online Fraud Targeting Minors," which reveals a new type of online fraud chain characterized by "game diversion + impersonating public security and judicial authorities + virtual currency money laundering." Criminals post advertisements through games and social platforms to guide minors to add friends, and use intimidation and other means to extract funds from parents' accounts. The stolen money is split and withdrawn through black and gray industry platforms to purchase virtual currencies, which are not restricted by geography and can silently flow back to overseas fraud dens, completing the "physical isolation" of cross-border funds. The Criminal Investigation Bureau reminds that public security and judicial authorities will never handle cases online, will never intimidate for deductions, and will never ask for passwords or verification codes.
You may also like
Mozilla Employs Anthropic AI to Detect 271 Firefox Vulnerabilities
Key Takeaways: Mozilla’s internal test with Anthropic’s Claude Mythos AI found 271 vulnerabilities in Firefox, all patched this…
BlackRock Injects $900 Million into Bitcoin amid Soaring ETF Demand
Key Takeaways: BlackRock invested over $900 million in Bitcoin within five days, according to Arkham Intelligence. The firm…
Uzbekistan Launches State-Endorsed Crypto Mining Zone with Tax Perks
Key Takeaways: Uzbekistan has initiated a regulated crypto mining zone in Karakalpakstan, effective April 20. Companies gain tax…
Core Scientific Eyes $3.3 Billion Debt to Propel AI Data Centers
Key Takeaways: Core Scientific is set to raise $3.3 billion through debt to expand its U.S. data center…
Nium Expands Global Payments Network with USDC Integration
Key Takeaways: Nium integrates Coinbase infrastructure for USDC-based payments, promoting seamless global transactions. The collaboration enables transactions across…
Fed Chair Nominee Faces Intense Scrutiny Over Conflicts of Interest
Key Takeaways: Kevin Warsh’s nomination as Fed Chair involves questions on financial disclosures and potential conflicts of interest.…
Blockchain.com Integrates Perpetual Futures in Self-Custody Wallets
Key Takeaways: Blockchain.com introduces perpetual futures trading through its DeFi wallet, allowing non-custodial futures trading. Users can leverage…
New York Targets Coinbase and Gemini in Crackdown on Prediction Markets
Key Takeaways: New York Attorney General Letitia James has filed lawsuits against Coinbase and Gemini for allegedly operating…
DoorDash Embraces Stablecoin Payments via Tempo Blockchain
Key Takeaways: DoorDash integrates with Tempo to enable stablecoin payments for users, dashers, and merchants. This initiative will…
Kalshi Considers Crypto Growth with New Perpetual Futures
Key Takeaways: Kalshi’s Shift: Kalshi plans to expand from prediction markets into crypto trading by introducing perpetual futures…
Latest Developments in the Cryptocurrency World
Key Takeaways: Tron founder Justin Sun is suing World Liberty Financial for allegedly freezing and threatening to burn…
Privacy Protocol Umbra Temporarily Disables Front End to Counter Kelp Exploiters
Key Takeaways: Umbra has put its front end in maintenance mode to hinder hackers exploiting funds from high-profile…
AI Spurs Bug Bounty Surge, Challenges Crypto Security
Key Takeaways: AI has boosted bug bounty submissions to 85,000 valid cases in 2025, a 7% increase. Rising…
US Law Firm Issues Apology Over AI-Caused Legal Filing Errors
Key Takeaways: Sullivan & Cromwell admitted to submitting a court filing with around 40 incorrect citations caused by…
Justin Sun Takes Legal Action Against World Liberty Financial for Token Freeze
Key Takeaways: Justin Sun, founder of Tron, sues World Liberty Financial for freezing his tokens unjustifiably. The lawsuit,…
Quantum Readiness in Blockchain: Algorand and Aptos Lead the Way
Key Takeaways: Algorand and Aptos are leading the charge in preparing for quantum threats, with Algorand implementing quantum-resistant…
Bitmine Acquires 101,627 ETH, Strengthening Public Ether Treasury
Key Takeaways: Bitmine purchased 101,627 ETH, bringing its total holdings to 4,976,485 ETH, which is about 4.12% of…
Fraudsters Exploit Crypto Demands on Ships in the Strait of Hormuz
Key Takeaways: Scammers posing as Iranian authorities are demanding cryptocurrency from ships stranded in the Strait of Hormuz.…
Mozilla Employs Anthropic AI to Detect 271 Firefox Vulnerabilities
Key Takeaways: Mozilla’s internal test with Anthropic’s Claude Mythos AI found 271 vulnerabilities in Firefox, all patched this…
BlackRock Injects $900 Million into Bitcoin amid Soaring ETF Demand
Key Takeaways: BlackRock invested over $900 million in Bitcoin within five days, according to Arkham Intelligence. The firm…
Uzbekistan Launches State-Endorsed Crypto Mining Zone with Tax Perks
Key Takeaways: Uzbekistan has initiated a regulated crypto mining zone in Karakalpakstan, effective April 20. Companies gain tax…
Core Scientific Eyes $3.3 Billion Debt to Propel AI Data Centers
Key Takeaways: Core Scientific is set to raise $3.3 billion through debt to expand its U.S. data center…
Nium Expands Global Payments Network with USDC Integration
Key Takeaways: Nium integrates Coinbase infrastructure for USDC-based payments, promoting seamless global transactions. The collaboration enables transactions across…
Fed Chair Nominee Faces Intense Scrutiny Over Conflicts of Interest
Key Takeaways: Kevin Warsh’s nomination as Fed Chair involves questions on financial disclosures and potential conflicts of interest.…
Contents
Popular coins
Latest Crypto News
